Sundyne Acquisition Complete
By Jack Burke26 March 2020
Private equity firm Warburg Pincus has completed the acquisition of Sundyne, a leader in the design and manufacture of API-compliant pumps and compressors.
The acquisition, from BC Partners Advisors L.P. and the Carlyle Group, was announced in January. Financial terms of the transaction were not disclosed. Sundyne’s current management team led by CEO Mark Sefcik, will continue under Warburg Pincus’ ownership.
“Warburg Pincus’ and Sundyne’s interests align perfectly, and there is no better financial partner for Sundyne than Warburg Pincus,” Sefcik said. “All of our channel partner agreements remain in place and all of our product brand names remain. We have already jointly identified a number of ways in which Warburg Pincus can help Sundyne accelerate growth and enhance opportunities for our customers, channel partners and employees.”
Sundyne and Warburg Pincus have launched a 90-day transition period to formally identify areas of opportunity for developing and funding strategic initiatives that will broaden product offerings and enhance customer services globally.
Sundyne was advised by Morgan Stanley & Co. LLC and Latham & Watkins LLP. Warburg Pincus was advised by CitiBank and Cleary Gottlieb Steen & Hamilton LLP.
Headquartered in Arvada, Colorado, USA, with operations and presence in Europe, the Middle East, India, Japan, China and throughout Asia, Sundyne centrifugal pumps and compressors are used in power generation, hydrocarbon processing, chemical processing, industrial, and high-pressure water applications.